EMV refers to a global standard for credit and debit card payments using chip-based technology, which enhances security compared to traditional magnetic stripe cards.
EMV technology is essential in the travel industry, particularly for in-person transactions at hotels, rental agencies, and restaurants. The chip-based system reduces the risk of fraud by generating a unique transaction code for each use, making it much harder for fraudsters to clone cards.
While EMV technology has become widespread in many parts of the world, some regions, particularly developing countries, may still rely on older magnetic stripe technology, posing security risks for traveler's.
A traveler pays for a hotel stay by inserting their EMV-enabled card into the payment terminal, ensuring that their payment is secure and less vulnerable to fraud.
Felloh can process transactions across multiple merchant acquirers for a single business. With deep integrations across several providers, Felloh offers consistent data output and manages all front-end payment logic, allowing you to integrate once while gaining access to multiple acquirers.
